TGS, PGS to expand seismic coverage offshore Eastern Canada

TGS said on Wednesday that the data for the Cape Broyle 3D survey would be acquired during the summer of 2017.

The campaign will comprise of around 3,500 square kilometers of 3D GeoStreamer data in the South Eastern Newfoundland region and builds upon multiclient 3D campaigns acquired in the region over the last two years.

According to TGS, pre-processing of the initial GeoStreamer signal will be performed by PGS, while TGS will be in charge of data processing.

Final data will be made available to clients in 2018, ahead of the 2019 licensing round under Newfoundland Labrador’s Scheduled Land Tenure system.

In mid-May, TGS and PGS will begin a 2D seismic campaign in East Canada comprising of 22,000 kilometers of 2D GeoStreamer data. This is the seventh consecutive year of 2D acquisition by the joint venture in the area.

Following completion of these surveys, the jointly-owned library will have more than 175,000 kilometers of 2D GeoStreamer data and 14,750 square kilometers of 3D GeoStreamer data. A well log library is also available in the region, along with advanced multiclient interpretation products.

Kristian Johansen, CEO of TGS, said: “This seventh consecutive season of data acquisition will expand our seismic coverage in Newfoundland Labrador where we have a strong track record of success. These projects will provide modern, high quality seismic data to E&P companies to support their drilling activities and prepare for upcoming licensing rounds.”

Jon Erik Reinhardsen, president and CEO of PGS, added: “We have experienced significant interest for our multiclient GeoStreamer data in the Newfoundland Labrador area, and continue to position ourselves for upcoming lease sales in this increasingly attractive exploration region.”